Board Involvement in the Strategic Decision Making Process
Author | : William Q. Judge |
Publisher | : Now Publishers |
Total Pages | : 136 |
Release | : 2017-04-06 |
ISBN-10 | : 1680832603 |
ISBN-13 | : 9781680832600 |
Rating | : 4/5 (600 Downloads) |
Download or read book Board Involvement in the Strategic Decision Making Process written by William Q. Judge and published by Now Publishers. This book was released on 2017-04-06 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: The board of directors is legally responsible for setting the strategic direction of the firm and for ensuring the firm's long-term performance in almost all governance environments. However, many boards delegate the task of creating and executing the firm's strategy to a group of full-time professional managers. This separation between ownership and control creates many challenges for the modern-day firm, and the board's role in the strategy formation process is arguably the seminal governance challenge confronting boards today. Board Involvement in the Strategic Decision Making Process: A Comprehensive Review examines this seminal challenge.